Wall Street rises as tech gains offset bond jitters
Wall Street indexes are set to open higher as strong gains in chip and consulting stocks offset concerns over rising Treasury yields and inflation. Micron and Accenture reported positive forecasts, boosting market sentiment despite ongoing bond market pressures.
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Wall Street indexes headed for a higher open on Thursday morning, lifted by gains in chipmakers and consulting firms as Treasury yields hit two-decade highs. The rally comes despite ongoing inflation and government debt concerns testing market valuations. Rising borrowing costs continue to pressure the broader market while heavy-weight technology stocks sustain momentum.
